Technology – World Top News Now

25Jul

By AdminsNo Comments

Trump says US will investigate EU trade practices, claiming the bloc unfairly fined tech giants

The United States will open a formal investigation into the European Union’s trade practices, US President Donald Trump said on Friday, claiming the bloc has unfairly levied billions of dollars of fines against Google, Apple and other US tech giants. The Republican president made the announcement a day after the EU hit Google with a fine of €890 million ($1.5 billion), after it said the technology behemoth broke digital antitrust regulations by setting up Google Play and its ubiquitous search engine to corral consumers toward its own services and apps to the detriment of competitors. A woman walks by a giant screen displaying the Google logo at an event at the Paris Google Lab on the sidelines of the AI Action Summit in Paris, Feb. 9, 2025. AP Photo/Thibault Camus ...

21May

By AdminsNo Comments

Meta slashes 8000 jobs in $200 billion AI pivot

Meta's previously-reported 8000-strong job cuts have begun to roll out around the world, with affected employees being notifed from 4am in their local time zones. Last month, Meta confirmed the job cuts were in the works as part of a major AI-focused restructure. "We're doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making," Meta's chief people officer Janelle Gale said at the time in an internal memo to employees. Meta chief executive Mark Zuckerberg. (AP/Nic Coury) "This is not an easy trade-off and it will mean letting go of people who have made meaningful contributions to Meta during their time here." The New York Times has also reported that a further 7000 employees will ...

21May

By AdminsNo Comments

Boss of a $52 billion investment bank turns to AI to replace 8000 ‘lower-value human capital’

The boss of a $52 billion investment bank has described a plan to slash 8000 jobs over the next four years as a reduction in "lower-value human capital". Standard Chartered chief executive Bill Winters told reporters this week there would be job "reductions in favour of machines, and that will accelerate as we go forward into AI (artificial intelligence)". "It's not cost-cutting," Winters said. Standard Chartered chief executive Bill Winters is planning to shed some of the company's "lower-value human capital". (Bloomberg) "It's replacing, in some cases, lower-value human capital with the financial capital and investment capital we're putting in." The comments are the latest public admission from a major financial or tech institution on the rapid path towards g...

11Sep

By AdminsNo Comments

Elon Musk just lost his title as world’s richest person

Elon Musk has lost his title of "world's richest person" to Oracle co-founder Larry Ellison. Ellison's wealth jumped by $US101 billion ($152 billion) to $US393 billion ($594 billion) after Oracle's stunningly strong earnings report this week, surpassing Musk's net worth of $US385 billion, according to Bloomberg. Oracle (ORCL) reported surging demand for its data centre capacity from AI customers, launching the stock into the stratosphere. Shares gained 36 per cent on Wednesday, which was the stock's biggest single-day gain since 1992. Elon Musk is no longer the richest person in the world. (AP Photo/Matt Rourke) (AP) Chief executive Safra Catz announced on Tuesday after the stock market closed that Oracle signed four multibillion-dollar contracts with customers duri...

13Apr

By AdminsNo Comments

Irish privacy watchdog investigates Elon Musk’s X’s use of personal data to train Grok AI chatbot

Ireland's data privacy watchdog said on Friday it's investigating Elon Musk's social media platform X over its use of personal data to train his artificial intelligence chatbot Grok. The Data Protection Commission said it has opened an inquiry into "the processing of personal data comprised in publicly-accessible posts" that European users posted on X. "The purpose of this inquiry is to determine whether this personal data was lawfully processed in order to train the Grok LLMs" under the bloc's data privacy law, the commission said in a statement posted online. Ireland's data privacy watchdog said on Friday it's investigating Elon Musk's social media platform X over its use of personal data to train his artificial intelligence chatbot Grok. (AP Photo/Noah Berger)...

17Jan

By AdminsNo Comments

Elon Musk lashes out after top gaming commentator accuses him of cheating

Elon Musk has lashed out at a prominent YouTuber and gaming commentator after he accused the billionaire of cheating at video games. Earlier this week, content creator Zack Hoyt, better known as Asmongold, accused Musk of having other people play games under his name to boost his public rankings. Hoyt, among other gamers, thought it would be impossible for Musk to reach level 97 on Path of Exile 2 while running several companies. Elon Musk posted screenshots of DMs sent between himself and Asmongold. (AP) In the videos Musk has streamed of himself playing Path of Exile 2, gamers have noted he didn't seem anywhere near good enough at the game to reach that high ranking. "I'm completely convinced he didn't play the character," Asmongold said in his YouTube channe...

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